Third Avenue Focused Credit Fund Institutional Class (TFCIX)

0.24
Net Asset Value
0.00%
1 Day
-78.57%
Year-to-Date
Overall Morningstar Rating
High yield bond
Style or Category
No Load
Sales Expenses
0.88%
Expense Ratio
High
Morningstar Risk Rating™
Investment Objective The investment seeks long-term total return- which may include investment returns from a combination of sources including capital appreciation- fees and interest income. Under normal circumstances- at least 80% of the fund's net assets (plus the amount of any borrowing for investment purposes) will be invested in bonds and other types of credit instruments. The advisor intends to invest a substantial amount of its assets in credit instruments that are rated below investment grade by some or all relevant independent rating agencies. The fund is non-diversified.

Performance

1 month0.00% 3 years-37.01%
3 months-4.17% 5 years-24.12%
1 year-65.95% Since inception-10.65%
Data through --

Peer Comparisonvs. High yield bond

 TFCIXCategory
Performance 5-yr return-24.12%+3.82%
Expense ratio0.88%1.04%
Risk 5 year sharpe ratio-0.810.75
Net assets$28.6M$1.3B
Average market cap--$8.2B
Average P/E--6.7
Portfolio turnover----

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Fund Management and Purchase Info

Fund familyThird Avenue
Fund manager & tenureThomas LaPointe / 7 Years
Minimal initial investment$100,000.00
Minimum IRA investment$100,000.00

Holdings

Cash97.82%
U.S. stock2.16%
Fixed income0.02%
International stock0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
Holdings not available.